EV charging facing financing, other challenges

The market for electric vehicle charging/supply equipment (EVSE) has expanded rapidly in the last 18 months, driven by strong growth in plug-in electric vehicles (PEV) and government programs supporting EVSE deployments, according to Navigant Research.
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Most of the demand is for residential chargers, but commercial chargers, including workplace charging stations, public charging locations, and private locations like apartments or fleet depots, is also growing.

“As the EVSE market has matured, some of its early challenges, such as a lack of compatibility of charging units with various PEV models, have dissipated,” said Lisa Jerram, senior research analyst with Navigant Research. “Today, there is increasing choice for consumers, including chargers with a wide range of power ratings, home chargers that are competing on price, public chargers with more options for payment and access, the first commercially available wireless charger, and an increasing number of high-speed DC chargers.”